Is Pittman Center, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pittman Center is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Pittman Center was a Neutral Market.

Key Takeaway

Pittman Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pittman Center, TN

How much do homes in Pittman Center, TN cost?

Median Sold Price

$1,265,000

$316/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$385,000(-23.3%)

Key Takeaway

Homes in Pittman Center have sold for 23.3% less than they did a month ago.

Summary: The median home sold price in Pittman Center was $1,265,000 in November 2024, down 23.3% from last month, and the median price per square foot was $316.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 --
N/A
5+ $1.6M$1.2M
-23.3%

Summary: Pittman Center housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 23.3%.

Housing Supply in Pittman Center, TN

How many homes are available in Pittman Center, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
78+14.3%

Summary: The Pittman Center real estate market had 8 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 01
+100.0%
5+ 55
0.0%

Summary: The Pittman Center housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pittman Center, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Pittman Center in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pittman Center, TN

How long does it take to sell a home in Pittman Center, TN?

Average Sale Time

Oct 2024Nov 2024CHANGE
32 Days153 Days+378.1%

Summary: Homes in Pittman Center had an average of 153 days on market in Nov 2024, up by 378.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pittman Center are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in Pittman Center; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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